by usoftax_admin | Aug 27, 2024 | Tax News
The Treasury Inspector General for Tax Administration found that the Internal Revenue Service had numerous issues that affected due process for taxpayers whom it filed lien notices against, according to a report published Tuesday. by usoftax_admin | Aug 27, 2024 | Tax News
Business groups urged the U.S. Treasury Department on Tuesday to remove what’s known as the funding rule in forthcoming final regulations on the stock buyback tax, saying the provision would go beyond Congress’ intentions for the levy, which aims to deter... by usoftax_admin | Aug 27, 2024 | Tax News
The Treasury Inspector General for Tax Administration identified ways Tuesday it said the Internal Revenue Service should work with state agencies to improve the handling of federal tax information it shares with them, including nudging them to file required security... by usoftax_admin | Aug 27, 2024 | Tax News
The Democratic and Republican presidential nominees have both proposed eliminating taxes on tips for restaurant and hospitality workers, but tax experts say such a policy would unfairly pick winners and losers among workers and its benefits would be unevenly... by usoftax_admin | Aug 27, 2024 | Tax News
The federal government should take measures to stop the abuse of tax credits for carbon capture and storage, more than 100 environmental groups told the U.S. Treasury Department and the Environmental Protection Agency in a letter released Tuesday.